Compounded Rate Loan definition
Compounded Rate Loan means the Loan, part of the Loan or, if applicable, Unpaid Sum which is not a Term SOFR Loan.
Compounded Rate Loan means the Loan or, if applicable, Unpaid Sum if it is or has become a “Compounded Rate Loan” and which accrues interest at the rate based on the Compounded Reference Rate (as further set out in Clause 8B (Interest – Compounded Rate Loan)) as a consequence of being, or becoming a “Compounded Rate Loan” pursuant to Clause 8A (Rate Switch).
Examples of Compounded Rate Loan in a sentence
Each such notice must be received by the Administrative Agent not later than 11:00 a.m. (London time) (i) in the case of a Term SOFR Borrowing, three (3) RFR Business Days prior to the date of the requested Borrowing, (ii) in the case of a Compounded Rate Loan, three (3) RFR Business Days prior to the date of the requested Borrowing, and (iii) in the case of a Eurocurrency Rate Borrowing, three (3) Eurocurrency Banking Days prior to the date of the requested Borrowing.
More Definitions of Compounded Rate Loan
Compounded Rate Loan means any Drawing granted under a Facility or, where applicable, any overdue amount in relation to a Facility, in each case, in a Compounded Rate Currency and for which interest is to be calculated using the Reference Rate Terms.
Compounded Rate Loan means any Loan or, if applicable, Unpaid Sum in GBP or any other Compounded Rate Currency which is, or becomes a “Compounded Rate Loan” pursuant to Clause 14 (Interest) or Clause 16.1A (Unavailability of Term SOFR).
Compounded Rate Loan means any Interim Loan, or, if applicable Unpaid Sum which is denominated in a Compounded Rate Currency which is, or becomes, a “Compounded Rate Loan” pursuant to Clause 8.5 (Change of Reference Rate)
Compounded Rate Loan means any Loan, the Loan, part of the Loan or, if applicable, Unpaid Sum which is, or becomes, a “Compounded Rate Loan” pursuant to Paragraph 1 (Rate Switch) of Part A (Risk-Free Rate Operative Provisions) of this Schedule.
Compounded Rate Loan means any Loan or, if applicable, Unpaid Sum in a Compounded Rate Currency which is, or becomes, a “Compounded Rate Loan” pursuant to Clause 11 (Interest Rate Switch).
Compounded Rate Loan means any Loan or, if applicable, Unpaid Sum which is not a Term Rate Loan. "Compounded Reference Rate" means in relation to any RFR Banking Day during an Interest Period of a Compounded Rate Loan, the percentage rate per annum which is the aggregate of: (a)